Cramer’s Play on a European Turnaround

General Electric may be integral to the aerospace and energy sectors, but its stock been disappointing, thanks to European weakness. But if Europe turns, it might be THE play, "Mad Money" host Jim Cramer said Tuesday.

Eaton, Cummins, 3M and Emerson have all soared recently, despite lamenting about Europe on their conference calls. That's because Cramer believes there is evidence of a turnaround in Europe. Emerson even used the term "bottoming out."

Adam Jeffery | CNBC

So why GE?

"At times like this, the mutual and hedge funds thrive on liquidity," Cramer said. "They want to come in and buy without moving a stock higher. The slug that is General Electric fits that bill."

If a big institution wanted exposure, he said, he could buy two million GE shares without moving the stock.

"This is the heaviest and the most liquid stock out there," he added, "with a buyback that hasn't reduced the float."

"Time to buy General Electric before everyone else does," Cramer said. "That's how it has worked, even with the disappointers like 3M, Emerson and even IBM. Now GE is the only one left, won't be like that for long."